Massachusetts | 04-2787865 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Information to be included in the report
In addition, the Company announced in the press release a $10 million stock repurchase program (the "Repurchase Program"), beginning on July 1, 2006 and ending on June 30, 2007.
On June 2, 2006 the Company established a pre-arranged stock repurchase plan, intended to comply with the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and of Rule 10b-18 of the Exchange Act (the "10b5-1 Plan"). The 10b5-1 Plan commences on July 1, 2006 and expires on June 30, 2007, subject to conditions specified in the plan agreement.
Shares that may be repurchased under the 10-b5-1 Plan will be purchased under the Repurchase Program. Any actual repurchases under the 10b5-1 Plan will be disclosed in the Company's quarterly report s on Form 10-Q filed with the Securities and Exchange Commission for the quarterly periods ended between September 30, 2006 and June 30, 2007.
Pegasystems Inc. | ||||||||
Date: June 05, 2006 | By: | /s/ Shawn Hoyt | ||||||
Shawn Hoyt | ||||||||
Interim CFO and General Counsel | ||||||||
Exhibit No. | Description | |
EX-99.1 | Press Release, dated June 1, 2006, issued by Pegasystems Inc. |